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Earmarked funds are financed by specifically identified revenues, which
remain available over time. These specifically identified revenues are
required by statute to be used for designated activities, benefits, or
purposes, and must be accounted for separately from the government’s
general revenues. At the USPTO, earmarked funds include the salaries and
expenses fund and the special fund receipts. Non-entity funds, as disclosed
in Note 3, are not earmarked funds and are therefore excluded from the
below amounts.
The following tables provide the status of the USPTO’s earmarked
funds.
Earmarked Funds
(Dollars in Thousands)
| Balance
Sheet as of September 30, 2006 |
|
|
|
| Fund Balance
with Treasury |
$1,077,083 |
$233,529 |
$1,310,612 |
| Cash |
6,248 |
— |
6,248 |
| Accounts Receivable,
Net |
1,751 |
— |
1,751 |
| Other Assets |
168,853 |
— |
168,853 |
 |
| Total Assets |
$1,253,935 |
$233,529 |
$1,487,464 |
 |
| Total Liabilities |
$ 989,466 |
— |
$ 989,466 |
|
| Unexpended
Appropriations |
$ 26 |
$ — |
$ 26 |
| Cumulative
Results of Operations |
264,443 |
233,529 |
497,972 |
|
| Total Liabilities
and Net Position |
$1,253,935 |
$233,529 |
$1,487,464 |
|
Statement of Net Cost For the Year
Ended September 30, 2006 |
|
|
|
| Total Program
Cost |
$1,514,169 |
— |
$1,514,169 |
| Less Earned
Revenue |
(1,594,437) |
— |
(1,594,437) |
|
| Net Income
from Operations |
$ (80,268) |
— |
$ (80,268) |
|
Statement of Changes in Net Position
For the Year Ended September 30, 2006 |
|
|
|
| Net Position,
Beginning of Year |
$ 184,301 |
233,529 |
$ 417,830 |
|
| Budgetary
Financing Sources |
$ (100) |
$ — |
$ (100) |
| Net Income
from Operations |
80,268 |
— |
80,268 |
|
| Change in
Net Position |
$ 80,168 |
$ — |
$ 80,168 |
|
| Net Position,
End of Year |
$ 264,469 |
$233,529 |
$ 497,998 |
|
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The Salaries and Expenses Fund contains moneys used for the administering
of the laws relevant to patents and trademarks and advising the Secretary
of Commerce, the President of the United States, and the Administration
on patent, trademark, and copyright protection, and trade-related aspects
of intellectual property. This fund is used for the USPTO’s two
core business activities – granting patents and registering trademarks
– that promote the use of intellectual property rights as a means
of achieving economic prosperity. These activities give innovators, businesses,
and entrepreneurs the protection and encouragement they need to turn their
creative ideas into tangible products, and also provide protection for
their inventions and trademarks. The USPTO may use moneys from this account
only as authorized by Congress via appropriations.
The Surcharge Fund was created in FY 1992 through the Patent and Trademark
Office Surcharge provision in the OBRA of 1990 (Section 10101, Public
Law 101-508). This required that the USPTO impose a surcharge on certain
patent fees and set in statute the amounts of money that the USPTO should
deposit in a special fund receipt account at the U.S. Department of the
Treasury. This surcharge was eliminated in FY 1999. The USPTO may use
moneys from this account only as authorized by Congress, and only as made
available by the issuance of a Treasury warrant.
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